Cryptocurrency Q&A
What are the transaction fees for HitBTC?
What are the transaction fees for HitBTC?
ShintoSanctuary
Fri Sep 06 2024
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7 answers
1921
Could you please clarify the specifics of the transaction fees charged by HitBTC? Are these fees static or do they vary based on factors such as trade volume, currency pair, or market conditions? Are there any additional costs or hidden fees that traders should be aware of when using HitBTC for their cryptocurrency transactions? Additionally, does HitBTC offer any discounts or fee reductions for high-volume traders or those who meet certain criteria?
7 answers
Bianca
Sun Sep 08 2024
In the realm of cryptocurrency trading, the term "maker" holds significant importance. It refers to a trader who initiates an order by placing it below the best available buy price or above the best sell price.
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BitcoinBaronGuard
Sun Sep 08 2024
By doing so, makers contribute to the liquidity of the market, enabling smoother transactions and enhancing overall market efficiency.
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Alessandro
Sun Sep 08 2024
In recognition of their valuable role, HitBTC, a prominent cryptocurrency exchange platform, offers incentives to makers.
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CryptoLord
Sun Sep 08 2024
Specifically, HitBTC rewards makers with reduced trading fees, which can be as low as 0.1% of the transaction value.
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AzureWave
Sat Sep 07 2024
In contrast, traders who take existing orders from the order book, known as "takers," face slightly higher fees of 0.2% on HitBTC.
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